A bakery uses flour to produce bread. When calculating GDP, we include ________, because when we add the value of the flour to the value of the loaf of bread to calculate GDP, the result is ________.
A) only the value of the bread sold in a store; double counting
B) only the value of the flour used to produce the bread; double counting
C) both the value of the bread sold in a store and the value of the flour used to produce the bread; double counting
D) both the value of the bread sold in a store and the value of the flour used to produce the bread; the true value of the economy's output
E) none of the above
Correct Answer:
Verified
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